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JSW Steel crude steel production surges 9% in January

The leading steel firm JSW Steel has informed that there has been a remarkable growth in its crude steel production in the month of January.

The company has issued this statement in a press release today. It has said that, there has been a growth of almost 9% in its crude steel production in January against the same month in the previous year.

The overall crude steel production has gone up to 5.80-lakh tonnes in the month under review. Last year the company had produced 5.33-lakh tonnes for the similar month.

The production of rolled-products of the company increased by 39% in this month. The production of rolled products has been recorded at 4.62-lakh tonnes in the month of January 2011. Last year for the same month it was 3.34-lakh tonnes.

Meanwhile, JSW Steel has rescheduled its open offer for stock acquisition in Ispat Industries. The company is now looking for an additional 20 per cent stake in Ispat Industries which is yet to be approved by the stock market regulator SEBI.